please use this link to obtain the financial statements: http://investor.underarmour.com/income.cfm

Please use the following formulae to solve q2:

Receivable Turnover = net sales/ average net trade accounts receivable

Average Collection Period = 365/Receivables Turnover

1. 2. 3. Obtain Balance Sheet (B/S) and Income Statement (I/S) for Under Armour for 2016, 2015, and 2014. Attach I/S and B/S to your assignment Calculate Accounts Receivables Turnover Ratio and Average Collection Period for 2016 and 2015. Interpret the numbers you calculated in part 2 above (maximum 3 sentences) - simply mention what the numbers mean and whether it improves from 2015 to 2016